1. Socialism was originally implemented in Africa in various countries during the mid- 20th centuryWhich of the following was one of the biggest reasons for its implementation ? A.Citizens had voted for it B.Reaction to colonialism C. Capitalism had failed D. They saw how successful it was in the USSR 2. According to the article on socialism's effect on Venezuela , which was not one of the three main policies that Chavez enacted that resulted in the devastation of the economy ? A. Massive expansion of welfare programs B.Nationalization of many privately - owned industries C.Currency and price controls D. Immigration controls 3. An economic system where a country's trade and industry are controlled by private owners, rather than the state, is called A.Socialism B.Fascism C.Capitalism D.Communism 4. In a market economy people tend to produce according to A. needs rather than wants B.habit and traditions C.the profit motive D.Government orders 5. In the video on Sweden, it was argued that the country is not actually socialist but that they had a period about 40 to 50 years ago where they did have socialistlike policies and programs. Their economy started faltering and so the country responded by implementing various changes. Which of the following was not one of the changes? A..Increased taxes B.Reformed the pension system C.Privatized the national rail network and other industries D.Switched to a school voucher system 6. As economic freedom increases in a country, all of the following will increase as well except for A.economic growth B. poverty rates C. life expectancy D. literacy rates 7. According to the video, "Economic Freedom by the Numbers, countries with more centralized decision making had higher levels of all of the following except for A.Unemployment B.Median household income levels C.Poverty D. Child labor 8. Economic freedom is higher in economies than in economies. A. market , communist B. communist, socialist C. socialist, market D.communist, market